The WSJ reported Tuesday evening that on Wednesday that the White House plans to nominate Janet Yellen to succeed Ben Bernanke as Chair of the U.S. Federal Reserve. Yellen became the overwhelming favorite for the position after Larry Summers removed his name from the running. Once confirmed, Yellen will be the oldest Fed chair in history.
Revisiting the Credit Suisse policy bias scale, it’s clear that Janet Yellen is likely to be at least as loose with monetary policy as Bernanke has been, if not more so.
In his book, The Dhandho Investor: The Low–Risk Value Method to High Returns, Mohnish Pabrai coined an investment approach known as "Heads I win; Tails I don't lose much." Q3 2021 hedge fund letters, conferences and more The principle behind this approach was relatively simple. Pabrai explained that he was only looking for securities with Read More